Should I File for Bankruptcy?

What is the Downside of Filing for Bankruptcy?

The intent of bankruptcy is to provide people with a fresh financial start. For many people, bankruptcy does just that. But filing for bankruptcy is not something to be taken lightly. Be sure you understand the negative consequences of filing for bankruptcy before you take the plunge.

How much debt do you have to have to file bankruptcy?

There is no minimum amount of debt you must have in order to file for bankruptcy relief. While the amount of your debt is an important factor to consider, there are other more important factors to take into account in determining if a bankruptcy filing is in your best interest. These include:

How Will Filing Bankruptcy Affect My Children?

Learn how bankruptcy may affect your children, including whether they'll lose property, be able to get college loans, continue receiving child support payments, and more.

Should Senior Citizens File Bankruptcy?

When considering bankruptcy, seniors and retirees should weigh their options carefully. While Chapter 7 or Chapter 13 bankruptcy can offer seniors a way to handle debt trouble, it's important to understand what bankruptcy can and cannot do. For many seniors, certain issues crop up relating to home ownership,

Alternatives to Filing for Bankruptcy

Before you file for Chapter 7 or Chapter 13 bankruptcy, find out what other alternatives might be available.

Should I File for Bankruptcy or Use Debt Settlement?

If the thought of filing bankruptcy makes you uncomfortable, you might want to try negotiating with your creditors.

The New Bankruptcy Will It Work for You?

Is bankruptcy the right solution for your overwhelming debts? Pick the best strategies for your situation with the information and practical suggestions in The New Bankruptcy.

Solve Your Money Troubles: Debt, Credit & Bankruptcy

Get out of debt and solve your money troubles with this complete guide to repairing your credit and regaining financial freedom.

What Happens to Mortgages in Bankruptcy

A major concern for most homeowners who are contemplating bankruptcy is how bankruptcy will affect their mortgage. The good news is that your mortgage company cannot raise your interest rate or change other terms of your loan to punish you for filing bankruptcy. But there are several other things you should know about how fi

Can I Join the Military If I File for Bankruptcy?

Depending on the branch of the military you wish to join and your particular circumstances, you may need to meet certain financial eligibility requirements before you can enlist in the armed forces. In most cases, a bankruptcy filing will not automatically prohibit you from joining the military. But

Can You Stop IRS Wage Garnishment by Filing for Bankruptcy?

If the IRS has garnished your wages for unpaid taxes, filing for bankruptcy can give you some relief. It's only temporary, however: Bankruptcy doesn't wipe out most tax debts.

Should I File for Chapter 7 Bankruptcy If I Recently Purchased an Expensive New Car?

Learn how a car payment can affect bankruptcy qualification.